IG Markets Review

Author By Jeffrey Cammack
Updated: May 17, 2022
Overall Rating
4.69 4.69 / 5
Rated #1 of 68 Recommended Brokers
🏦  Min. DepositUSD 0
🛡️  Regulated By
💵  Trading Cost 
USD 6
⚖️  Max. Leverage200:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments
AlertAccepts South African Clients. Average spread EUR/USD 0.85 pips on trading account with lowest minimum deposit. Max leverage 200:1. Islamic account available. MT4, ProRealTime and L2 Dealer platforms supported. IG Markets Group is regulated by FCA, ASIC, and the FSCA.

TradeForexSA follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. Please read our advertising disclosure.

Our verdict on IG Markets

Founded in 1974 and FSCA-regulated since 2021, IG Markets has a long history of satisfied clients, low trading fees, and a vast range of trading instruments.

Our research found that IG Markets has over 320,000 clients worldwide and has been the largest CFD broker globally by revenue for the last few years. It has two low-cost trading accounts with no minimum deposit requirements and offers trading on over 17,000 instruments, all of which can be accessed on its award-winning app and web trader platform. 

For more traditional investors, IG Markets also runs a fully licenced stock brokerage on the side. And in addition to a wide range of trading tools, IG Markets has a world-class selection of educational and market analysis materials to get new traders started.

Reviews

Regulation
111115/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
111115/ 5
Education & Research
111115/ 5
Assets Available
111115/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Welcome Bonus

Account Information

Base Currencies
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Number of FX Pairs
80
Crypto Pairs
10
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Live Account
Trading Desk
Commission
Fees Included in Spread
EUR/USD
0.85 pips
GBP/USD
1.40 pips
USD/JPY
0.94 pips
Negative Balance Protection

Company Details

Company Name
IG Markets Ltd
Founded
1974
Website
Website Language
English, Swedish, Danish, Norwegian, Russian, German, Italian, Spanish, Portuguese, French, Dutch, Japanese, Arabic
Support Language
English, Swedish, Danish, Norwegian, Russian, German, Italian, Spanish, Portuguese, French, Dutch, Japanese, Arabic
Office Locations
South Africa, United Kingdom

Pros

  • Well regulated
  • Tight spreads
  • Great platform choice
  • Excellent education
  • Excellent market analysis

Cons

  • High minimum deposit

Is IG Markets Safe?

IG Markets is regulated by 17 national authorities and is publicly listed on the London Stock Exchange, making it safer than any privately-held broker and one of the safest brokers in the world.

FSCA Regulation: IG only recently started accepting South African traders. It acquired its ODP licence from the FSCA in November 2021, a huge achievement considering the complex local laws. IG Markets is also the first broker to receive its ODP licence after having been denied its application in June 2019. 

Safety Features: The FSCA’s regulatory oversight is less strict than regulators in the UK and Europe. While the FSCA requires brokers to keep client funds in segregated accounts and issue monthly statements to their clients, it does not require brokers to offer negative balance protection nor restrict leverage to protect traders.  

However, it is worth pointing out that IG Markets has a long history as a trusted Forex broker, and all client money is held in segregated accounts and ring-fenced from creditors in case of broker bankruptcy.

IG Markets’ holding company, the IG Group, is also listed on the London Stock Exchange and is a constituent of the FTSE 250 Index, adding a further level of regulatory scrutiny. 

We confirmed each of the licences and regulations on the regulator’s online register. See below for details of IG Markets’ FSCA-regulated entity:

IG Markets FSCA licence

Company Details:

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Additional Fees
FCA
ASIC
FSCA
BaFin
FINMA
MAS
FMA
DFSA
FSA-Japan
CFTC
Fi
Market Maker
1974
South Africa, United Kingdom
Inactivity fee if no dealing activity has occurred for two years.

IG Markets Trading Instruments

The sheer volume of tradable instruments available at IG Markets is staggering. Not only does IG offer one of the widest selections of shares to trade in the industry, but there are three different methods of trading them. It also offers innovative CFDs such as Sectors, the Crypto Index, and South African shares that are impossible to find at other brokers.

Widest Range of Trading Instruments: IG Markets’ has one of the widest (if not the widest) range of financial instruments to trade in the CFD industry, with over 13,000 share CFDs and instruments that are hard to find at similar brokers, such as ETFs and Options. 

Weekend Trading: In a first for any broker, IG Markets also offers weekend trading on GBP/USD, USD/JPY, and EUR/USD.  Spreads are higher over the weekend (averaging 6 pips on the EUR/USD) and are fixed. 

See below for details on IG Markets trading instruments and leverage:

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Financial Instrument
Number of Assets
Leverage
Bonds
12
20:1
Commodities
35
200:1
Cryptocurrencies
10
20:1
Digital 100s
28
Unleveraged
Stock CFDs
13,000
10:1
ETFs
6,000
10:1
Forex
80
200:1
Indices
80
200:1
Interest Rates
6
50:1
IPOs
N/A
N/A
 

Forex: IG Markets offers 80+ currency pairs for trading, including majors (AUD/USD, EUR/GBP, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and USD/ZAR), and exotics (NOK/JPY, CHF/HUF, and EUR/MXN). IG Markets has more pairs to trade than most other Forex brokers, but the maximum leverage is 200:1.

Shares (Real/CFDs/DMA): IG Markets offers three types of share trading. Firstly, it operates as a fully licensed stockbroker. Clients can buy or sell shares with low commissions from a range of international exchanges. Secondly, it offers share CFD trading on one of the largest ranges in the industry.  Lastly, IG Markets offers direct market access (DMA) when trading share CFDs. This method of trading is only available on the L2 Dealer platform, and other fees from exchanges and stock borrowing may also apply. 

Commodities: IG Markets offers trading on a broad range of commodities, including gold, silver, iron ore, Brent and US crude, natural gas, and soft commodities such as coffee, sugar, and live cattle. 

Indices: IG Markets offers trading on more indices than other similar brokers and includes the likes of the South African 40, the NASDAQ, FTSE100, DAX30, and Hang Seng. IG Markets also offers bespoke indices such as a Cannabis Index and an Emerging Markets Index. Major indices can also be traded over the weekend. 

Cryptocurrencies: With 10 crypto pairs and the Crypto 10 Index (an index of the ten largest coins) available for trading, IG Markets offers a wider range than is available at most other brokers. Crypto trading is available 7 days a week, unlike most other asset classes.

Options: IG Markets offers a range of daily, weekly, future, stock index, and share options. Options give you the right, but not the obligation, to buy or sell an asset before a certain date. Options traders are generally trading volatility in the markets or hedging another trade.

Bonds: IG Markets offers Bonds from Germany, UK, the US, France, Italy, and Japan, a wider range than other brokers. Both spot and futures are available.

ETFs: At IG Markets, there is a range of ETFs available to trade, such as stock index ETFs that track an index or basket of stocks and currency ETFs that track multiple currencies. Like share trading, ETFs can be both bought via IG Market’s stock brokerage service or speculated upon using leverage.

Interest Rates: IG Markets also offers 6 interest rate CFDs to speculate on. Interest rate CFDs are generally used to hedge other trades that will be affected by interest rate changes.

Sectors: Another unique product offered by IG Markets, sectors are industry-specific CFDs. IG offers 44 UK and Australian sectors such as Fixed Line Telecoms, Beverages, Financials, and Tobacco.

Digital 100s: Digital 100s are binary options that have recently been banned by ASIC and the FCA for all retail clients but are available in South Africa. Binary options are very high risk, and clients should get in touch with IG Markets directly to understand more about the product lineup.

Accounts and Trading Fees

Although IG Markets only offers two accounts, its trading fees are low compared to other Forex brokers.

Trading Fees: IG Markets’ accounts have no minimum deposit requirements, making them accessible to all traders. The CFD trading account is commission-free, with spreads that start at 0.75 pips on the EUR/USD. IG Markets’ DMA Account has a spread of 0.165 on the EUR/USD  and a commission that reduces with increasing trading volumes. The trading fees on both of these accounts are significantly lower than other brokers.

Account Trading Costs:

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Trading account
Min. Deposit
Min. Spread EUR/USD
Commission
Trading Cost (USD)
DMA
USD 0
0.17
6 USD
7.65
Live Account
USD 0
0.86
Spread Only
8.6
Spread Betting
USD 250
0.60
Spread Only
6.0

We opened and tested IG Markets’ CFD trading account:

CFD Trading Account

No minimum deposit is required to open a CFD trading account. You can choose to trade on either the MT4 platform, in which case spreads will average at 0.75 pips on the EUR/USD, or on the IG platform, where spreads average at 0.86 pips on the EUR/USD. However, there are marked differences between using the MT4 and IG proprietary platforms. Additionally, South African traders have access to leverage of up to 200:1 on major forex pairs. 

DMA (Direct Market Access) Account

Spreads average at 0.165 pips on the EUR/USD, and commissions are based on the trading volume (see below for more details).  Traders can only use the L2 Dealer platform when choosing the DMA account option.

While the 6 USD round-turn commission is slightly lower than average compared to other brokers, this can be reduced even further with high volume trading:

IG Markets DMA Account

IG Markets Deposits and Withdrawals

IG Markets charges no deposit or withdrawal fees for bank wires, but credit card and PayPal deposit fees are higher than other brokers. 

In line with Anti-Money Laundering policies, IG Markets returns all non-profit funds to the original deposit source. 

Accepted Deposit Currencies: While IG Markets does allow traders to select different base currencies other than USD, new accounts are always denominated in USD by default. This can only be changed by emailing the IG Markets support team with your name, date of birth and address, and the account number you would like to change.

This obviously takes some time and is a serious hassle for traders who trade exclusively in specific CFDs and want to avoid the 0.5% conversion fee. In addition, IG Markets does not publish the list of base currencies it supports – so traders will have to email customer support to find out whether their chosen base currency is available.

See below for details on IG Markets deposit and withdrawal fees and processing times:

Deposits

Traders can deposit funds via debit/credit card (Visa and Mastercard), bank wire transfers, and PayPal.

  • Bank Wire: Deposits by bank wire are free of charge and take up to three business days to reflect. There is no minimum deposit requirement for bank wires.
  • Paypal: Deposits via Payal are also instant, but traders are charged a 1% fee per transaction.
  • Credit and Debit Cards: While deposits made with a debit card are free of charge, IG Markets charges a fee of 1% on deposits made by Visa credit cards and a 0.5% fee on deposits made by MasterCard credit cards. Deposits will reflect instantly for both debit and credit cards. The minimum deposit requirement is 300 USD on credit cards, and the maximum deposit per day is 50,000 USD. 

Withdrawals

IG Markets does not charge a withdrawal fee, but the minimum withdrawal amount is 200 USD.  Withdrawals are processed on the same day but may take two to five days to reflect. 

While withdrawal costs are low and withdrawal times are average for the industry, IG Markets does charge fees on deposits via credit card. This is unnecessary and not common among other brokers.

Mobile Trading Apps

IG Markets’ mobile trading experience is average – while MT4 and the IG Markets app are available on both Android and iOS, L2 Dealer is only available on desktop.

IG Markets’ Mobile App

We were pleased to find that IG Markets recently created an iOS app, whereas before, the platform was only available as a Progressive Web App (PWA) for iPhone browsers. It also links to ProRealTime, an advanced charting package.

We tested the app on an iPhone 11 and found that it does a surprisingly good job of balancing ease of use with its incredible functionality. Impressively, we could trade all 17,000 trading instruments available at IG Markets on the app. It features advanced interactive charts that sync perfectly with the web trader version of the platform, alerts, and market sentiment readings. It also features news and analysis from IG’s in-house team and the Reuter’s live feed:

IG Markets Mobile

The only difficulty we had was finding how to add instruments to our watchlist. Additionally, it doesn’t have predefined watchlists, which makes it almost impossible to sift through IG Markets’ massive list of instruments.

MT4 Mobile App

IG Markets offers MT4 on a mobile trading platform, available for both Android and iOS. Although there is slightly limited functionality compared to the platform’s desktop version, with reduced timeframes and fewer charting options, traders will still have access to analytics with technical indicators, graphical objects, and a full set of trading orders.

L2 Dealer is not available on mobile devices due to the complexity of the platform. 

Other Trading Platforms

IG Markets supports three trading platforms across mobile and desktop devices, including its own web-based platform and MT4. It also offers the L2 Dealer platform for DMA trading, which is unavailable at other brokers.

This platform lineup won IG Markets the award for Best Multi-Platform Provider from 2016-2020 at the ADVFN International Financial Awards.

Web Trading Platform

Many similar brokers to IG Markets offer their own trading platforms, but IG Markets’ web-based platform is unusually customisable and functional when compared to other brokers’ own platforms. 

We were impressed by the fast execution speeds, that you can compare up to four timeframes on a single chart, that charts open from nearly any view, and that they display live market prices. We also enjoyed the excellent technical analysis tools, including Autochartist and PIAfirst, and that it features integrated risk-management modules.

One minor issue we had was that the platform setup is complex, though you can save custom layouts. Other downsides to IG Markets’ trading platform are the lack of automation and that traders will not be able to take the platform with them if they decide to switch brokers. 

MetaTrader 4

We found that IG offers the standard version of MT4 plus twelve add-ons and six indicators, transforming MT4 into a state-of-the-art trading platform. Most brokers only provide the out-of-the-box version, which does not provide all the necessary functionality.

Other unique advantages of IG’s MT4 platform include the automated trading functionality achieved through the use of EAs, the 18 custom apps created by IG, and the free Autochartist plugin. Note that MT4 users do not have access to Reuters News, Bloomberg, or FIX API.

L2 Dealer

L2 Dealer, a specialist platform designed by IG Markets, offers direct market access (DMA) free of charge as long as clients maintain a balance of 2000 USD. This platform is not recommended for beginner traders as the complexity of trading the DMA market is only suitable for traders who understand the terminology and risks involved.

The primary advantage of the L2 Dealer software is trading Forex at market prices, with liquidity from major providers. The L2 Dealer platform also functions as a specialist share trading platform and provides market depth from a range of exchanges (including full market depth from the LSE) and an ‘Iceberg’ facility, which break large shares orders into smaller tranches. Like IG Markets’ web-trading platform, the L2 Dealer platform also has integrated access to ProRealTime, a web-based charting package for advanced traders.

Platform Comparison:

Scroll for more detailsPreviousNext
Broker
Platform Choice
Copy Trading
Platforms
IG Markets
11110.54.5/ 5
L2 Dealer
ProRealTime
Tickmill
11110.54.5/ 5

Opening an Account with IG Markets

The account opening process at IG Markets is slower than at other brokers and requires detailed information regarding the state of your finances and your trading knowledge.

It took us about 15 minutes to open an account at IG Markets, but our accounts were only ready for trading once our documentation had been verified, which took two days. However, we were pleasantly surprised to receive a phone call from customer service to assist with any troubleshooting issues.

All South African traders are eligible to open an account at IG Markets, and with no minimum deposit required, new traders don’t have to worry about funding the account right away.

IG Markets offers joint and individual accounts, but we will focus on opening an individual account:

  1. Firstly we clicked on the “Create Live Account” button at the top of the page, where we were directed to register an account with our country of residence, full name, and email address. We also had to create a username and password.
  2. Once this step was completed, we were asked to complete a short form that helped IG Markets understand the state of our finances and trading knowledge. While most brokers omit this step in the account-opening process, it is a responsible move in an industry that is often accused of an irresponsible approach to consumer protection.
  3. Once this form was completed, we had to submit the Know Your Customer (KYC) documentation:
    1. IG Markets requires proof of identification (such as a current passport, ID card, or driver’s licence)
    2. Proof of address such as a utility bill or bank statement that is less than six months old.
  4. Once our documentation had been submitted, our account was ready for trading in 2 days, which is slower than other brokers.

We advise you to read IG Markets’ risk disclosure, customer agreement, and terms of business before you start trading. 

Overall, IG Markets’ account opening process is relatively hassle-free, and all documents can be uploaded digitally. But identity verification does take longer than other brokers – most other brokers will be able to verify your identity within a matter of hours rather than days.

IG Markets Trading Tools

IG Markets has a wide range of unique and useful trading tools, but they are exclusive to particular trading platforms. Most other brokers offer trading tools that function whatever platform a trader is using.

ProRealTime (IG Markets Platform and L2 Dealer only)

Only available on L2 Dealer and IG Market’s own platform, ProRealTime is a downloadable advanced charting package with advanced analytical features and monitoring tools. Intended for technical chart traders, ProRealTime allows clients to automate their trading and features a fully customisable interface. ProRealTime is free of charge for clients that trade at least four times per calendar month; otherwise, a fee of 40 USD per month will be charged to use the tool.

Autochartist (MT4 only)

Free for all IG clients, Autochartist is an award-winning automated technical analysis tool that plugs into MT4 and scans all available CFD markets for trading opportunities.

Autochartist’s advanced pattern recognition engine identifies the strongest potential trading opportunities and predicts future price movements. Some of Autochartist’s key features are:

  • Chart pattern recognition
  • Fibonacci pattern recognition
  • Key level analysis
  • Pattern quality indication

The market scanner provides statistically significant market movements and identifies important price levels that are catalysts for market movements.

IG’s Trading Signals (IG Markets platform only)

IG has partnered with Autochartist and PIAfirst to provide users of IG Markets’ own web-based platform with free trading signals. Autochartist is an automated technical analysis tool that scans the markets and analyses data across multiple timeframes to provide users with trading opportunities. PIAfirst is a trading strategy service provided by market professionals that delivers award-winning analysis and easy-to-implement trading strategies to users.

Trading signals from both Autochartist and PIAfirst are easy to access from the drop-down Signals menu in IG Market’s trading platform. Each signal also provides the accompanying analysis, allowing beginner traders to learn how both technical and fundamental analysis can be used to spot trading opportunities.

MT4 Indicators (MT4 only)

Like most brokers who offer MT4, IG Markets offers a package of indicators to all users of the platform. When you download MT4 from IG, you get six of the most popular indicators on the MT4 platform for free. You’ll also receive more than 12 add-ons when you download MT4 from IG. These enable you to customise the platform to your own preferences and trading needs. Add-ons include:

  • Mini terminal: Allows traders to adapt MT4’s deal tickets and charts to their preferences with a host of highly configurable new features.
  • Trade terminal: Control all trades from a single, powerful window.
  • Stealth orders: Lets traders keep their trades anonymous.
  • Correlation matrix: Enables traders to see how correlated their watched markets are and limit risk accordingly.
  • Sentiment trader: Lets traders analyse market sentiment or view a historic price vs. sentiment chart.

Partial Fills and Points Through Current (IG Markets platform only)

For high-volume traders, IG Markets offers two trading tools to reduce the change of trade rejection.

Partial Fills

IG Markets now offers clients partial fills on their online trades. If you are a high-volume trader, you will be able to accept a partial fill to increase your chance of successful execution.

If you choose to use this feature, IG will only ever partially fill your order as an alternative to outright rejection. IG will never partially fill your order as an alternative to filling it in its entirety. So if you trade in a size so large that we cannot fill your entire order rather than reject your entire order IG will be able to fill you in the maximum size possible.

Point Through Current

Points through current will give traders even more control of their execution by allowing them to trade through the current IG price. This feature will reduce your chance of a price rejection in volatile market conditions and increase the likelihood of successful execution when trading in large sizes.

While IG will still fill an order at the best possible price, the chance of a successful execution is increased when using ‘points through current.

API (Custom-built trading platforms only)

API stands for Application Programming Interface. It is a program that connects two applications – for example, your IG trading account and your custom-built platform. Trading with APIs enables you to gain direct access to IG’s ecosystem, providing you with faster order execution and more control, enhancing your trading experience.

IG Markets’ Research and Analysis

IG Markets’ research and analysis are comparable with most other large international brokers, with a constant feed of news and thoughts from the in-house trading team.

News and trade ideas, trading strategy education, and analysis of upcoming financial events are frequently published at IG Markets. The analysis is written by the IG Markets Global team of analysts who have professional backgrounds in trading at some of the major investment banks.

IG Markets sends free Morning Call and The Week Ahead reports daily and weekly. Each promises to deliver an analysis of major economic events and corporate news before the opening of the markets.

Research Comparison:

Scroll for more detailsPreviousNext
Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
IG Markets
Markets.com
Tickmill

IG Markets Educational Content

IG Markets’ educational section is more detailed and better-structured than most other brokers and is suited to both beginners and more experienced traders. 

Awarded Best Forex Educators 2018 (UK Forex Awards), IG Markets has plenty of current and accessible educational material for beginner traders. Reports and daily analyses are emailed to anyone who signs up, and 24-hour support is available.

IG Markets has a wide variety of educational materials to get traders started.  These include the IG Academy, a section on Managing Your Risk, a Trading Strategy section, Webinars and Seminars, and a glossary of terms.  See below for details:

  • IG Academy: Online trading courses covering topics for beginner, intermediate and advanced traders. Live, structured classroom-style lessons are run daily and offer traders the opportunity to get personal feedback and interact with market analysts.

  • Managing your risk: IG Markets provides several materials outlining how traders can reduce their risk. It also includes information on the various risk management tools offered at IG Markets.
  • Trading Strategy: This section teaches traders how to look at the markets, use trading tools, and understand technical trading language.
  • Webinars and seminars: IG Market’s webinars and seminars help build traders’ confidence and cover topics ranging from platform walk-throughs to upcoming trading opportunities.
  • Glossary: The glossary provides comprehensive definitions and explanations of various financial terms.

Education Comparison:

Scroll for more detailsPreviousNext
Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
IG Markets
High
Markets.com
High
Tickmill
High

Customer Support

IG Markets customer support is knowledgeable, responsive, and available 24 hours a day.

Clients support is available by phone, email, Twitter, and live chat, 24hrs a day from 8 am Saturday to 10 pm Friday (GMT). In addition, the peer support platform offers assistance from other traders and IG staff in a forum discussion, which is an ideal additional resource for beginner traders who have questions about the platforms, analysis, and trading ideas. See below:

IG Markets Community

For the purposes of the review, we tested the live chat service and email. Our email was answered within a couple of hours, and the answer was relevant and to the point. We found the live chat agents were polite and responsive, and they were able to answer all our questions. After logging into the live chat, we were connected to an agent who replied to our message within 30 seconds.

Safety and Industry Recognition

Regulation: As mentioned at the top of the review, IG Markets is regulated by 17 national authorities. Highlights include:

  • IG Market Ltd is authorised and regulated by ASIC (license 22044) and the FMA (FSP No. 18923)
  • IG Australia Pty Ltd is authorised and regulated by ASIC, license 515106
  • IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority, license 195355.
  • IG Markets South Africa Limited is authorised and regulated by the FSCA, FSP licence number 41393.

Awards

In addition to its broad regulatory supervision and long track record of responsible operation, IG Markets continues to receive industry recognition both in Australia and overseas.

  • Number 1 in Australia by primary relationships, CFDs & FX (Investment Trends December 2020 Leveraged Trading Report)
  • Best Finance App 2020 (ADVFN International Financial Awards
  • Best Multi-Platform Provider 2020 (ADVFN International Financial Awards
  • Overall Personal Wealth Provider 2020 (Online Personal Wealth Awards)
  • Best CFD Provider 2020 (Online Personal Wealth Awards)
  • Winner of Best Forex Trader 2019 (Investopedia Online Brokers Awards)

Because of the active internal client protection policies and processes, strong regulation, and acclaim from the industry, we consider IG Markets a safe and trustworthy broker.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. Central to that process is the evaluation of the broker’s reliability, the broker’s platform offering, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

XM Scores

IG Markets Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. IG Markets would like you to know that: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Overview

Founded in 1974 and the largest broker in the world by revenue, IG Markets is the clear global leader in the CFD trading market. The sheer number of CFDs available to trade could be overwhelming for new traders, especially considering the range of trading platforms and trading methods.

IG Markets’ spreads on Forex are generally tighter than other large brokers and commissions are low on the DMA account. With a variety of trading platforms, including MT4 and the L2 Dealer platform for experienced traders, along with a catalogue of education, analysis, and webinars, IG Markets is a good choice for traders of all experience levels.

A publicly listed company with regulation from ASIC, FCA, and the FSCA- and constant industry acclaim – IG Markets is possibly the safest and most secure broker in the world.

AlertAccepts South African Clients. Average spread EUR/USD 0.85 pips on trading account with lowest minimum deposit. Max leverage 200:1. Islamic account available. MT4, ProRealTime and L2 Dealer platforms supported. IG Markets Group is regulated by FCA, ASIC, and the FSCA.
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